Almost $650 million has entered Ether ETFs over the past five trading days as the asset surged more than 30%.
The total flows into United States-based spot Ether exchange-traded funds (ETFs) have flipped to a net positive as BlackRock’s fund recorded its second-biggest net inflow since launching in July.
On Nov. 12, the nine spot Ether ETFs jointly saw $135.9 million in net inflows, following a record $295 million inflow the day prior on Nov. 11, according to data from Farside Investors.
The big back-to-back positive flow days have now tipped the nine funds’ total net flows to a net positive $107.2 million for the first time since they launched in July.
